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Banking & Savings

Welcome to Banking and Savings - for insightful guidance on maximizing your financial potential. This dedicated space offers in-depth knowledge on various banking products, savings strategies, and the latest in financial technology innovations.

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Whether you're seeking the best savings accounts, exploring high-interest options, or looking for secure and efficient banking solutions, our resources aim to equip you with the tools and knowledge for effective money management and achieving your saving goals.
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Game of Loans: Homeowners Believe They Are in a Mortgage Prison

7th September 2017
Three in five (60%) people surveyed by Masthaven bank believes that they would find it hard to get a mortgage today - half (50%) of UK homeowners surveyed feel this way, indicating some may feel like mortgage prisoners. According to a new report by challenger bank Masthaven, the mortgage market is not in tune with […]
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Internet of Banking and Payments

25th August 2017
21-23 November 2017 Canary Wharf, London  PSD2 will fundamentally change the ways in which consumers will pay for items. For banks, it will open the door to a wave of competitors, require a lot of investment and has the potential to reduce revenue streams. However, Open Banking more broadly is a huge opportunity for the […]
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What is Gamification and Why is it Good for the Banking Sector?

7th August 2017
The world of banking, perhaps more than any other industry, has undergone significant change in recent years. As technology, strategies and partnerships progress, we’re beginning to see new avenues of growth such as gamification, which according to Karen Wheeler, Vice President and Country Manager UK at Affinion, may hold the key to enhanced customer engagement […]
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Covenant-Lite Loans Fast Becoming New Norm, But at What Cost?

25th July 2017
Private equity firms have slowly started to push loans that have restrictions on which investors the debt can be sold to, limiting the amount of bargaining that can take place. Stephen Hazelton, Founder and CEO of Street Diligence, explores with Finance Monthly the long-term impact eroding this protection for investors will have. Despite the rapidly […]
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Just Six Months Left Until the Open Banking Revolution

5th July 2017
There are just six months left until Open Banking phase two begins, when customers will be able to digitally access and securely share their bank transaction data to get the most from their finances. The initiative will encourage financial service providers to offer high quality, targeted services and in turn boost competition. Roger Vincent, Head […]
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Data Can Be the Best Fuel for Your Banking Customer’s Experience

14th June 2017
We’re living in a data rich world. IBM estimates that 90% of the data in the world today has been created in the last two years alone. This means it’s crucial that businesses keep control of their sensitive customer data. Tanmaya Varma,  Global Head of Industry Solutions at SugarCRM, illustrates to Finance Monthly the true potential […]
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Death, Taxes and Digital Transformation: Is the Banking Revolution Inevitable?

11th May 2017
As technology changes, and thereby so does the customer, a banking revolution is at hand. Here Peter Veash, CEO at The BIO Agency discusses with Finance Monthly the sector’s adaption to the internet of things and the constant need to be ready for change. High street bank brands have remained largely set up to cater […]
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25% Drop in Global Correspondent Banking Relationships Linked to De-risking

10th May 2017
Recent banking research from Accuity has revealed that between 2009 and 2016, correspondent banking relationships, where one financial institution provides services on behalf of another in a different location to facilitate cross-border payments, have reduced globally by 25%. This comes despite the fact that global GDP per capita grew during the same period, following the […]
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The great Open Banking shake-up: shining the spotlight on customer service in the financial sector

28th April 2017
By Martin Percival, senior solutions architect, Red Hat When was the last time you heard someone say that they love their bank? Over the years in the UK, a small set of banks have risen to the top by offering a structured set of closed-loop services to customers. We’ve become used to this approach, choosing […]
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Digital Interconnectivity: A driving force for change in the banking sector

28th April 2017
By Michael Winterson, Managing Director for Services at global interconnection and data centre company Equinix Digital disruption is being felt across multiple industries with the advent of applications such as Air BnB, Citymapper and Uber forcing many to either disrupt themselves or be disrupted. This has forced many businesses to completely change not only what […]
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Aren’t You Tired of Paying for Outdated Banking Technologies?

24th April 2017
According to Ismail Ertürk of the Alliance Manchester Business School at The University of Manchester, banks and regulators are mis-selling the free banking argument, implying that consumers should not have to pay for the outdated technologies of banks and prop up their ill-designed profit models. Here, Ismail introduces Finance Monthly to a history of banking […]
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Banking Core Systems Replacement: 7 Ways to Make it Easier

19th April 2017
Many banks are facing the ‘double-whammy’ of having to replace their ageing systems while also having to reduce their overall IT spend. Finextra asserts that 80% of banks will replace their core systems within the next three years. Grant Thomas, Head of Practices at BJSS tells Finance Monthly it’s more likely that it will take […]
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About Finance Monthly

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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